Capstone Investment Advisors LLC acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,585 shares of the technology company’s stock, valued at approximately $657,000.
A number of other hedge funds have also made changes to their positions in the stock. AXA S.A. lifted its position in SS&C Technologies by 1.4% in the second quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock worth $776,000 after purchasing an additional 130 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of SS&C Technologies by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 17,271 shares of the technology company’s stock valued at $1,510,000 after purchasing an additional 142 shares during the period. AlphaCore Capital LLC increased its position in shares of SS&C Technologies by 3.5% during the 4th quarter. AlphaCore Capital LLC now owns 4,507 shares of the technology company’s stock valued at $394,000 after purchasing an additional 154 shares during the period. 1620 Investment Advisors Inc. raised its stake in shares of SS&C Technologies by 10.3% in the 4th quarter. 1620 Investment Advisors Inc. now owns 1,711 shares of the technology company’s stock worth $150,000 after buying an additional 160 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its stake in shares of SS&C Technologies by 2.5% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,503 shares of the technology company’s stock worth $577,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
SS&C Technologies Price Performance
Shares of NASDAQ:SSNC opened at $83.42 on Friday. The company has a market capitalization of $19.57 billion, a PE ratio of 23.97 and a beta of 1.07. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average of $73.49 and a 200-day moving average of $71.04. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $90.26.
SS&C Technologies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.30 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies’s dividend payout ratio is 34.48%.
Analyst Upgrades and Downgrades
SSNC has been the subject of several research reports. Royal Bank Of Canada raised their target price on SS&C Technologies from $89.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Jefferies Financial Group cut their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. JPMorgan Chase & Co. reduced their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, UBS Group reaffirmed a “buy” rating and issued a $99.00 price objective on shares of SS&C Technologies in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.25.
View Our Latest Report on SSNC
About SS&C Technologies
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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